| Another action-packed week for Digitex! Hot on the heels of last week's huge announcement about the introduction of the DGTX-backed DUSD stablecoin, we've followed up with yet more big news about upcoming developments. Currently, all our efforts are going into achieving two key goals. Firstly, ensuring we are signing on new users who will quickly convert to being active traders on the DFE. Secondly, and no less important, ensuring that there is a demand for DGTX. So, read on for your weekly bulletin of news and announcements covering all things Digitex and what we're doing to achieve our goals. |
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Making DFE onboarding easier than ever |
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As a key part of our drive to ensure there are no barriers to new users trading on the DFE, we've been beefing up our range of support content. First up this week, we launched a suite of new instructional videos from our resident trader and DGTX HODLer, Luke Green.
In four separate videos now available to newcomers, Luke walks through creating and securing an account, loading up with DGTX, and placing a trade on the ladder. Along with being permanently available on the Digitex YouTube channel, these instructional videos will be bundled into a handy welcome email package for anyone signing up. A massive thanks to Luke for helping us make it easier than ever for new users to get on board.
We're also offering all our new users the opportunity to have their own one-on-one tour of the DFE from one of our dedicated customer account specialists. If you know of someone who's been intrigued by the DFE but would benefit from some hands-on support from a professional to get started, then tell them to go ahead and book a slot. |
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After a long period of pandemic-induced remote working, Adam has finally been able to get on a plane for some face time with the ever-growing team in Kyiv. This has also been an opportunity to connect in-person with the SmartDec team, who traveled from Moscow to join him.
So on Tuesday, Adam did his first video update since the launch, direct from the Digitex office in Kyiv.
As usual, he covered a wide range of topics, including recent news about the DUSD stablecoin, and our efforts to attract new users. But perhaps the most exciting news for our community is that we're planning to drop a brand-new Digitex white paper imminently, outlining our plans to create new zero-fee trading venues that will create unprecedented demand for DGTX. Check out the video for all the latest news. |
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DGTX staking – earn for HODLing |
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On Wednesday, we released the next step in our quest to drive demand for the DGTX token - the DGTX Staking program. Staking offers DGTX holders the opportunity to stake them on the Digitex platform in exchange for daily rewards. Rewards will be funded by the system gains resulting from trader liquidations.
Staking will help drive demand for DGTX in two ways. Firstly, the opportunity for rewards means people are more likely to want to buy and hold DGTX. Secondly, the more tokens that are staked, the lower the circulating supply. Increased demand and restricted supply will help to drive long-term value for DGTX. Read all the details of the staking plan on Wednesday's blog. |
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Part three of Trader Cobb's webinar |
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On Thursday, Trader Cobb hosted the third in his series on profitable trading strategies. This time around, Craig outlines how to put the "cradle strategy" that he introduced in the previous episodes into practice.
This highly interactive session offers plenty of opportunities for the user to practice placing their own trades using the cradle strategy. Craig explains how to determine if the conditions are right using a checklist of factors, helping traders to identify the trends that indicate a profitable trade. It's impossible to replicate this process by explaining it on paper, so our best advice is to go and watch the master in action for yourself. |
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The economic impact of DUSD and staking on DGTX |
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For the last blog post of this week, Sulla, aka The Numbers Guy, is back with another one of his in-depth analytical pieces. He's been watching all the latest announcements about our plans to drive demand for DGTX using the DUSD stablecoin and staking.
In his latest piece, Sulla maps out the new Digitex ecosystem showing the points of increased demand and restricted supply and speculating on the possible impact to DGTX price. He also breaks down how the 5:1 collateralization ratio of DUSD will help to push the market capitalization of DGTX. Read his analysis in Friday's blog post.
As a final word on this week's news, we know that many of you are patiently waiting for ETHUSD markets to launch, and we aren't about to disappoint. Although we had hoped to launch this week, a last-minute bug has led to a slight delay.
The good news is that the bug has been well and truly slain by our hardworking development team. Pending some final testing to make sure everything is working smoothly, ETHUSD markets are set to land imminently. |
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| That's it from us for another week. We know that the staking announcement, in particular, has the community buzzing, and we're confident that once the new white paper lands, you're all going to love the new products we have in development. Stick with Digitex - we're going places! |
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